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AvramisSwing

Hi traders. Possible bull trap forming

Short
Euro / Japanese Yen (FX:EURJPY)  
AvramisSwing Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators eurjpyshort eurjpysignal eurjpytrade eurjpyforecast eurjpyanalysis eurjpyshortrtade eurjpysell eurjpyprediction eurjpysetup
4
0
trendanalysis chartpattern indicator eurjpyshort eurjpysignal eurjpytrade eurjpyforecast eurjpyanalysis eurjpyshortrtade eurjpysell eurjpyprediction eurjpysetup
Hello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist.

Trade Details

Entry: Sell Stop @125.774
Stop: 126.729
Target 1: 125.211
Target 2: 124.256
Target 3: 122.699

Time Frame: H4
Trend: Down
Pattern: 11
Overall score: 5

We suggest closing half your position @Target one and moving your stop loss to the breakeven level.
Leave the remaining position for Target two.
Comment:
Trade idea invalid. Trade never gave us a clear break of structure and lower time frames indicated a buy setup
Order cancelled
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